Charitable Giving is Increasing – and Evolving

By |2021-11-12T15:34:53-08:00December 10th, 2021|Wealth Management Resources|

Time to Read: 4 Minutes The impulse to help others in need and to share good fortune is universal. When it comes to giving plans that involve donating wealth, the elements of several different dimensions – demographic trends, market performance, advances in financial services, increased need, and potential changes to the tax code – are combining to create unprecedented amounts

Five Things to Know About Taxes in Retirement

By |2021-11-12T15:23:56-08:00December 3rd, 2021|Wealth Management Resources|

Time to Read: 6 Minutes When planning for expenses in retirement, it’s easy to begin thinking about travel and vacations while overlooking one significant expense – taxes. In Nationwide’s 2021 Retirement Income Survey, 41% of retirees surveyed reported wishing they had been better prepared for taxes leading up to retirement.  Tax laws change frequently, and

The Positive Effects of Working in Your Senior Years

By |2021-11-12T15:24:02-08:00November 26th, 2021|Wealth Management Resources|

Time to Read: 5 Minutes Working during your senior years doesn’t have to be just about income.  The National Institute on Aging reports that those who participate in regular physical activity, stay connected through social events, and keep up with a hobby have shown signs of or have reported feeling happier and healthier. Working in your

Tax Law Update & Year-End Tax Planning 2021 for Business Owners – Webinar Replay

By |2021-11-22T12:33:21-08:00November 22nd, 2021|Wealth Management Resources|

Time to Watch: 51 Minutes Chris Pegg discusses tax law updates and year-end planning considerations for 2021, specifically geared for business owners.  Tune in to learn more about: Legislative update for tax reform - what didn't happen and what we still might see including Possible changes to net investment income tax for S-Corps Qualified Small Business Stock

What Can You Buy With 529 Distributions?

By |2021-11-12T13:25:56-08:00November 19th, 2021|Wealth Management Resources|

Time to Read: 4 Minutes The biggest challenge for students and parents when planning for education is the financial costs, which include tuition and academic expenses. There is help – 529 Plans aren’t just for college anymore.  K-12 private and religious schools are also eligible. Funds can be used for four and two year colleges, trade schools, graduate programs and some international institutions.  Section 529

529s – College Savings Advice for High-Net-Worth Investors

By |2021-11-16T05:06:16-08:00November 15th, 2021|Wealth Management Resources|

Time to Read: 10 Minutes Section 529 plans are arguably the best college savings vehicle around. In this article, we will cover what 529 plans are, why they make such great college savings accounts, and how high net worth investors can take advantage of 529 plans for their estate planning tax benefits.  Introduction to 529 Plans 

Building a Lasting Legacy: 6 Ways for Affluent Families to Bullet-Proof their Estate Plan

By |2021-11-12T15:24:09-08:00November 12th, 2021|Wealth Management Resources|

Time to Read: 17 Minutes We live in a “golden age” for estate planning: high federal gifting limits, low interest rates, and no capital gains on inherited assets. However, this may change soon.    The generations-high gifting exemption ($11.7 million per person and $23.4 million per couple in 2021) will sunset at the end of 2025. And with the record-breaking COVID-19 stimulus, tax hikes have been proposed to lower

Sweating the Small Stuff: Getting Strategic About Paying Investment Advisory Fees

By |2021-10-20T11:31:22-08:00November 4th, 2021|Wealth Management Resources|

Time to Read: 4 Minutes At BWM Financial, our laser focus on giving clients a financial “edge” sets us apart from other wealth managers.  Oftentimes this is through an ongoing relationship and comprehensive financial plan, but we delight whenever we can pass along an “easy win”.   A great example of this is how we help structure